Marine
Iran sanctions removal may present early opportunity for EU insurance firms
Non-US owned insurance companies may look to steal a march on their competitors if sanctions prohibiting trading with Iran are not lifted simultaneously by all countries.
Guy Carpenter director warns over contaminated cargo in Tianjin
Mark Shumway, managing director - strategic advisory, Asia-Pacific at Guy Carpenter has warned that failure to write off contaminated cargo losses in the port of Tianjin could lead to worse losses later.
C-Suite: Shipowners benefit from lower rates in economic choppy waters
How have marine insurers responded to the financial challenges facing the shipping industry? Positively, is the short answer; part of this positive response has been deliberate, part has been fortuitous.
Hong Kong broker chooses Total Objects
Hong Kong marine broker Latitude has chosen to use software provider Total Objects for all its technology systems.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Berkshire Hathaway offers marine in Australia and New Zealand
Berkshire Hathaway Specialty has begun marine underwriting in Australia and New Zealand.
Asia Interview: FP Marine's Phil Bilney
Andrew Tjaardstra, editor Asia, speaks to Phil Bilney, CEO, FP Marine in Hong Kong.
Skuld appoints Ove Kristian Roll for Bergen role
Marine insurer Skuld has hired Ove Kristian Roll to lead its office in Bergen, Norway.
Dual expands marine offering in Australia
Hyperion underwriting arm Dual has expanded its global marine and energy practice following the launch of a marine offering at Dual Australia.
Ropner hires Steve Jones as divisional director
Global Risk Partners- backed marine broker Ropner Insurance Services has recruited a senior team to support its growth in the marine trades and yachts segment.
PICC paid 10m yuan within 36 hours of Yangtze shipping disaster
PICC, the insurer for the ship that capsized in the Yangtze river, had already paid out 10m yuan (£1m) within 36 hours of the tragedy.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Indian ocean 'provocations' risk increased piracy attacks
A perceived decline in the global piracy threat is leading some vessels to reduce risk mitigation measures, leaving them vulnerable to attack, according to a new report.
Shipowners' Mutual posts 94.6% COR after strategic withdrawal
Marine mutual Shipowners Club posted a combined ratio of 94.6% for the 12 months to February 2015, amid high business retention levels and increased membership numbers.
PICC is lead insurer for China Yangtze shipping disaster
PICC has confirmed it is the lead insurer for the stricken Eastern Star ship that sank in the Yangtze river on Monday night.
Shipping Containers: shipping forecast
The practice of insuring port terminals and shipping containers can bring unique risks and challenges.
China regulator starts taskforce for Yangtze cruise disaster
The China Insurance Regulatory Commission has launched an emergency taskforce after a ship carrying 458 people capsized in the Yangtze river last night (1 June).
FP Marine's Bilney: 'Cargo rates are softest in my career'
Philip Bilney, CEO of Hong Kong-based marine specialist broker FP Marine, has warned that cargo rates are the softest he has seen in more than 30 years in insurance.
Skuld's 2014 bottom line result drops 53%
Norwegian marine insurer Skuld has reported a bottom line result of $13.5m (£8.5m) for the 2014 financial year; a decrease on its 2013 result of $29m.
Integro acquires marine broker Kite Warren & Wilson
Integro has acquired London-based broker Kite Warren & Wilson which specialises in marine hull and liability coverage as well as financial lines.
Seventeen Group eyes other deals after Thompson & Partners purchase
Seventeen Group managing director Paul Anscombe has outlined his appetite for further deals after confirming the firm's acquisition of specialist credit and marine broker Thompson & Partners.
Piracy: Risks moving from Africa to Asia
Although there has been good progress tackling piracy in both East and West Africa, ensuring global attacks declined for a fourth year in a row last year, it continues to thrive elsewhere.
TT Club's 2014 COR improves to 85.6%
Transport insurer TT Club has reported increased gross written premiums for the 12 months ended 31 December 2014 to $182.2m (£120m) from $181.1m the year prior.
March moves from Aon to lead Skuld in Singapore
Nicholas March has left Aon to join marine insurer Skuld to head its Singapore office.